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BTCUSDT analysis in depth Analysis is purely on technical base read before making any comments first Short Trem: Bitcoin is in bearish mode all indicators showing high chance of bears 1- Elliott Wave BTC made move from break 19000usd level and moved according to elliott wave I- wave 1 and correction II- wave 2 and made correction avoiding breaking the pick of wave 1 III- wave 3 done and made correction and didn't break the pick of wave 2 Now BTC have to complete corrective wave ABCD We have just completed wave AB and is elliott wabe state corrective wave AB didn't to be break the pick of wave 3 AB wave is finished We will just started the corrective wave CD and will end on the pick of wave 1 after that we will wait for market to give us reversal candle ( any reversal pattren ) enter into market according to that If BTC closed today below 59000 than congrats we are bearish and our target should be 43000 - 38000 If BTC hold weekly 21 day EMA 43000 level than we will start and new wave for new ATH if didnt hold 21 day EMa than we will headed to weekly 50 day EMA out target should be 38000 level Also all target is aline with FIB levels 0.50 ( 43000) and golden pocket 0.68 ( 38000) Kindly drop your comment what is your opinion 🤔 Enjoy they call beffore everyone is bullish on BTC excluding me 😎 Note: IF BTC DIDN'T FOLLOWED MY ANALYSIS I WILL DONATE 1000$ TO THE LUCKY ONE FROM THE COMMENTS
BITSTAMP:BTCUSDShort
by SaadBinRehan
13
BTC update.... with indicatorsBTC update with a few different indicators to help you: At the moment of typing this, BTC is back above its 50EMA. BTC needs to CLOSE a Daily Candle above this level and turn it into strong support. BTC is still in the Bullish Zone of the Ichimoku Cloud. BTC has managed to close above its Ichimoku Cloud Base Line (Kijun sen) 2 days in a row, it looks like this could be a 3rd day that we close above it. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways. The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways. The Ichimoku Cloud Lagging Span (Chikou Span) is inside the price from 30 Periods ago indicating uncertainty but notice however that we have UPWARDS MOMENTUM now indicated by the Lagging Span (Chikou Span) Tip pointing upwards. If we look at the Chaikin Money Flow (CMF) we can see that BTC is still in the Accumulation Zone with the CMF (Green Line) pointing upwards and is at 0.07. Note that it was at 0.02 2 days ago. I have added a Schiff Pitchfork (Points A,B,C) and as you can see, BTC is below is Schiff Pitchfork Median Line. BTC found support from its Lower Green Schiff Pitchfork Support Line and is now above the Lower Yellow Schiff Pitchfork Support Line. BTC needs to eventually close a daily candle back above its Schiff Pitchfork Median Line. I have added a MACD on this chart instead of my usual ADX DI SMA just to break things up and hopefully help you learn something different, especially if your new and don’t know what these indicators are actually indicating. The Moving Average Convergence Divergence (MACD) is showing that the MACD (Blue Line) is still under its Signal Line (Orange Line). Notice however that the Signal Line is starting to curve downwards and the MACD Line is looking like it may start curving upwards. So if you are waiting for a buy signal, then you would wait for the MACD Line to cross back ABOVE the Signal Line. Notice however that the MACD Line is still ABOVE its Base Line which is at 0.0 on the MACD indicator. So what does this mean? It means that while the DISTANCE between a 12 Period EMA & a 26 Period EMA on the Price Chart has shortened, the 12 Period EMA has NOT yet crossed UNDER its 26 Period EMA on the Price Chart…. This is a good thing 👍. So we do need the MACD Line to eventually start curving upwards. As i said in my previous post, that liquidation wasn’t the end, and BTC is still in a longterm uptrend. If you follow the Ichimoku Cloud System like i do, then you realise it ain’t over until BTC flops around in the various Bearish Zones on the higher timeframes and then fails to cross back up into the Equilibrium & Bullish Zone, which BTC is showing no sign of doing anytime soon. I hope you have found this post helpful & informative & i wish you good luck with your Trading or Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
BITSTAMP:BTCUSDLong
by TradingThroughTheLens
12
BTC. When should we open additional long positions?Hey guys, it was a great week for Bitcoin. We don't have a lot of updates for the BTC now. We hold our long positions and waiting that this or the next week update the current ATH. When BTC will update the ATH we will open an extra position. This would be one of the last opportunities for you to buy Bitcoin during the current bullish market. Yes, we are not sure whether there will be more retests or corrections, but we think the end of the bull market is not far off.
BITSTAMP:BTCUSDLong
by pennygene
1
Out IOTA PositionAt the beginning of February, the market gave us a great opportunity to earn extra profits, which is exactly what we did. We at Pennygene turned our attention to the IOTA/BTC chart back in early January 2020, and have kept watching. What attracted our attention was that this asset was falling fast almost all the time from August till the end of December 2020, but then the first 1W bar of January showed us that the price reached good support at 0.0000094. Also, it was the lowest price point since the launch. After a month of waiting, our efforts paid off. At the beginning of February, we placed our long positions at 0.0000143, of course using a stop loss. And now we have been in the position for more than two weeks. At the moment PNL is 102% and we are not going to exit this long position yet. Important: Never be guided solely by the notion of the "lowest price in the history of the asset" this price floor can be updated at any time. Your strategy has to take into account a combination of several factors. Especially when it comes to a low-capitalization altcoin. At this point, we cannot recommend you to go long on this asset because much of the growth has already happened. In any case, if you are interested in IOTA, you need to wait before placing a new order. Maybe the last 7 days after the active growth is just a consolidation and liquidity gathering for further growth. Maybe after that, you will get a new opportunity to enter this asset.
Long
by pennygene
#BTCUSD 1) On daily we have a V pattern that was broken upward , the price reached the first target (resistence 1 ) . 2) The price pauses to form another pattern wich is a pennant ! if the price succeed to break above the pennant and the 1st resistence , it's more likely to see a move to 2nd Target (resistance2) . 3) Wait for the price to break the pennant upward before going long . 4) If we have a break bellow , wait for the price to pullback with the same height of the pennant before executing a long position . 5) Keep you risk small , there is plenty of opportunities out there but the most iportant thing is to stay alive . Good luck !
by AtlasQuants
BTCUSD TA Time 31-1-2021! Greetings fellow traders! If your way of Technical Analysis is strong... Then the path will show you its way... (*Asian sound effects*) Short-Term & Mid-Term & Long-Term: Currently looking bullish! Hopefully we'll see this bull flag break out bullish! We'll need to see candles closing above the resistance for confirmation. I've got a gut feeling it's gonna happen on the new monthly/weekly/daily candle. Somewhere next week. If it breaks out bullish, approximate target: 50K-60K USD/BTC. Super Long-Term: As far as I know, the bull market started a while ago, since the last halving. Overall still bullish and waiting for the super long term correction and pattern to emerge. Current approximate target 2021: 250K USD. See previous publishes for more information. If you have any questions or whatsoever, do not hesitate to leave a comment. Good luck, be careful and may the trend gods be with you!
BITSTAMP:BTCUSDLong
by bonic
4
The Crab is a precise Harmonic pattern (Reversal Zone). Mid point (B) - 0.618 The pattern requires a very small stop loss and usually volatile price action in the Potential Reversal Zone. In this case, we need confirmation to sell BTC from lower TF. Reversal zone is not far away. But, Due to the extremity of the projections utilized in the completion of the pattern, the Crab frequently experiences sharp price action and dramatic reversals. 2.61 8 AB=CD & D of XA(1.618) at 30253 The Crab Pattern: The extreme (2.618, 3.14, 3.618) projection of BC Note: AB=CD pattern within the Crab is the least important number in Reversal Zone. 0.886 retracement at the B point, unlike the regular version that utilizes a 0.382-0.618 at the mid-point.
BITSTAMP:BTCUSDShort
by Trade-Technique
126
Nested bullishness: Wedge in triangle in a Cup and HandleMuch this should be no surprise to anyone. The cup and handle has been the talk of the crypto town for a while now and you may or may not believe it will perform, but the believe that we are in a bullish continuation pattern exist. The handle appears to be another bullish continuation pattern, an ascending triangle. The triangle has a falling wedge which is a reversal pattern. This reversal pattern is backed up by bullish divergence on the RSI and we are at the base of the bollinger band. I have shown another example from November of a time we saw the exact same set up and got almost 10% gains. Now all of this upside potential occurs after we have the buy signal on the has ribbon. This signal went out all over cryptoverse when it flashed. Every single one of these structures give you a different target, entry strategy depending on how aggressive you want to be and a stop strategy depending on how aggressive you want to be. The targets on the main chart don't even consider that this is a continuation pattern of a flag pole. I created this chart because BTC is the benchmark for all of crypto. My biases is crpyto will pamp while bitcoin performs to the flagpole target. From there we will probably retrace and I'll look at buying dips. I am betting ethusd will overperform and since it is a collateral currency on my exchange my gains from margin trading to into there. XRP gives me the x5 and a high percent change so I will be long XRPUSD. I'll look for topping ETH, BTC, and XRP to help me make my decision on when to close. I have linked some posts with some good calls. A lot of formation have strong predictive utility and you just need the patience to have them perform and that can take a while. The Cup and Handle is one of the most reliable chart patterns according to Bulkowski, and he basically wrote the book on TA. Remember, there is a lot of nested bullishness and will patience targets should get hit but that doesn't mean you abandon stop management or get reckless with your entries, especially with margin and leverage. Find a system that lets your winners run. If your chart formation busts don't hold like a buster. This is time for fundamentals.
COINBASE:BTCUSDLong
by This_Guhy
BTC has to finalize major $21070 targetMorning folks, BTC has shown deeper retracement than we thought. Although it was ripening for some time and we even have talked about it earlier, but price has come so close to 20K top that it was seemed major retracement comes after its challenge. Anyway, we have few possible scenarios here, such as downside AB-CD, immediate upside breakout, butterfly and some others. But I talk only on the one that I think most probable. We need the pattern that makes price to stay flat for some time but then let price to finalize weekly 21070. Butterfly fits best for this. We expect that minor pullback should happen in the beginning of the week, somewhere to 17K area that will become the right wing of the butterfly, and then price should re-establish upside action, making challenge of 20K top and last effort to weekly 21070 XOP target. Strong deeper retracement is possible only after that.
COINBASE:BTCUSD
by Sive-Morten
3